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Edwards, D J and Holt, G D (2006) Hand-arm vibration controls: a perspective based on performance and cost dimensions. Journal of Financial Management of Property and Construction, 11(01), 21–32.

Júnior, J D R L and Alencar, C T D (2006) The office buildings market in São Paulo: time cycles to absorb vacant space and to recover investment attractiveness. Journal of Financial Management of Property and Construction, 11(01), 59–71.

Meeampol, S and Ogunlana, S O (2006) Factors affecting cost and time performance on highway construction projects: evidence from Thailand. Journal of Financial Management of Property and Construction, 11(01), 3–20.

  • Type: Journal Article
  • Keywords: Cost performance; time performance; discriminant models; Department of Highways; Thailand
  • ISBN/ISSN: 1366-4387
  • URL: https://doi.org/10.1108/13664380680001076
  • Abstract:
    This study investigates the cost and time performance of highway projects from the viewpoint of the public owner. It differs from previous studies which focused on the contractor’s perspective on project performance. A total of 13 success factors were identified from literature and the opinions of experienced engineers. Data from 99 projects handled by the Department of Highways (DOH) in Thailand was used to develop and test discriminant models of cost and time performance. Discriminant analysis was used in this study to build the cost and time predictive models, which were generated from samples of cases, which had already been grouped and known as successful and unsuccessful projects. The models were then applied to new cases with measurements for the predictor variables, to predict that the projects were either successful or unsuccessful. The results show that success in cost performance depends on the management of construction resources, budget management, construction method, and communication. By contrast, schedule management and human resource management inhibit cost performance. Success in time performance depends on choice of construction method, management of construction resources, schedule management, supervision and control, and communication. Quality management, budget management, human resource management, owner involvement, and team relationships impede time performance.

Ngowi, A B, Pienaar, E, Akindele, D O and Iwisi, D S (2006) Globalization of the construction industry: a review of infrastructure financing. Journal of Financial Management of Property and Construction, 11(01), 45–58.

Ogunsemi, D R and Aje, I O (2006) A model for contractors’ selection in Nigeria. Journal of Financial Management of Property and Construction, 11(01), 33–44.